1971 No S Nickel - a picture of my friend's newp

halfcentman

Pretty neat. The pictures are not of my usual quality, but they illustrate the coin enough.

NewParadigm

Nice pick up.

ModCrewman

I want to cherrypick one of those.

LanceNewmanOCC

.
ha, very nice
.

keets

I want to cherrypick one of those.

chances of that are solidly buried between slim and none. the Variety is too well known and been searched for too long by too many expert searchers. even those which are seen still in an intact Proof Set remain there because that is the means to gain optimal return for the seller(s). you'll just have to pony up the cash like the rest of us and buy an already slabbed example. just let me know when you reach that point and maybe i can help.

Halfhunter06

I want to cherrypick one of those. chances of that are solidly buried between slim and none. the Variety is too well known and been searched for too long by too many expert searchers. even those which are seen still in an intact Proof Set remain there because that is the means to gain optimal return for the seller(s). you'll just have to pony up the cash like the rest of us and buy an already slabbed example. just let me know when you reach that point and maybe i can help.

Guess what buddy..... I did cherrypick that coin!!!! NEVER doubt that rarities are still out there to be discovered.

Thanks Greg for the images.

ModCrewman

Come on Keets...since when have you been the one to be crushing my dreams.

Continue to hunt I shall.

mkman123

how much is this coin worth

keets

Guess what buddy..... I did cherrypick that coin!!!! NEVER doubt that rarities are still out there to be discovered.

Congratulations on your good fortune.

19Lyds

<< <i>I want to cherrypick one of those. chances of that are solidly buried between slim and none. the Variety is too well known and been searched for too long by too many expert searchers. even those which are seen still in an intact Proof Set remain there because that is the means to gain optimal return for the seller(s). you'll just have to pony up the cash like the rest of us and buy an already slabbed example. just let me know when you reach that point and maybe i can help.

Guess what buddy..... I did cherrypick that coin!!!! NEVER doubt that rarities are still out there to be discovered.

Thanks Greg for the images. >>

Well congrats! I guess your luck was closer to the slim side?

19Lyds

<< <i>how much is this coin worth >>

$1200 to $1800 depending upon bidders. Since these have quite a reputation, probably to the high side.

halfcentman

<< <i>I want to cherrypick one of those.

chances of that are solidly buried between slim and none. the Variety is too well known and been searched for too long by too many expert searchers. even those which are seen still in an intact Proof Set remain there because that is the means to gain optimal return for the seller(s). you'll just have to pony up the cash like the rest of us and buy an already slabbed example. just let me know when you reach that point and maybe i can help. >>



All I will say was that his expectation was quite positive given the scenario that was offered to him!

Keets's post does bring up an interesting point. Since I am preparing to give a presentation to a group of mathematics seniors on the mathematics of gambling and business at my Alma Mater on Monday (Kean University in Union, NJ), I am going to use this post to prepare for one of my topics:

Let's say you purchase 1/2 bag of circulated War Nickels, and we'll say that you now have $3K laid out. You can sell these for $1.65 per on a flip, so it's an easy $300.00 without the search, and as a businessperson it's obvious that your time is worth more than looking through them or paying someone to look through them. With the price of precious metals rising, you need to have that $3K available for the next flip. The cumulative flipping dictates that you are better off forsaking a slight cherry for an immediate return. You can also prove mathematically the expected value, or EV, that searching the bag is incorrect, but we won't.

But that's not always the case: Let's say that you purchased 1/2 bag of 90%, and you spot-check the texture of the coins. Your professional judgment dictates that it is worth your time to search it given the fact that you saw a decent amount of Barbers (albeit very slick), and some earlier Mercs.

NOW THIS IS THE IMPORTANT PART:

1) With regards to the War Nickels, if you choose to search them instead of flip them and you find a 1943/2 or a doubled eye, you still made the wrong choice. Think of it has being told there is a 90% chance of rain, you don't bring an umbrella, and it does not rain. Just because it did not rain doesn't mean you were correct not to take an umbrella.

2) As a corollary to that, if you make a solid, professional judgment to search the 90% and you find nothing, you still made the correct choice.

'The biggest impediment to one's success is their impending fear of failure."

astrorat

<< <i>I want to cherrypick one of those. chances of that are solidly buried between slim and none. the Variety is too well known and been searched for too long by too many expert searchers. even those which are seen still in an intact Proof Set remain there because that is the means to gain optimal return for the seller(s). you'll just have to pony up the cash like the rest of us and buy an already slabbed example. just let me know when you reach that point and maybe i can help.

Guess what buddy..... I did cherrypick that coin!!!! NEVER doubt that rarities are still out there to be discovered.

Thanks Greg for the images. >>

Way to go!!!!

keets

going with the Nickels and assuming circulated means VF tops, there isn't really any reason to search. the Varieties aren't really collected in that grade and the market for them is slim. best to just flip and move on to the next deal.